IFLR1000

Brait £350 million convertible bond

18/9/2015
Convertible and hybrid securities
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£ 350 million

$ 540 million

Completed

18/9/2015

Overview:

  • Brait issued £350 million convertible bonds which reach maturity in 2020 on the Frankfurt Stock Exchange.
  • BofA Merrill Lynch and Goldman Sachs acted as joint bookrunners. 
  • The bonds were also offered to qualified institutional investors in South Africa and Malta.

Rani Mehta - Journalist

Jurisdiction:

South Africa

Deal type:

Convertible and hybrid securities

Practice area:

Capital markets : Debt

Industry sector:

Investment management

Firm:
Allen & Overy

Party: BofA Merrill Lynch (Joint bookrunner)

Party: Goldman Sachs International (Joint bookrunner)

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